AAU 0.00% 2.0¢ antilles gold limited

Hunter, does not explain what the cost to PGI is. I don't...

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    Hunter, does not explain what the cost to PGI is. I don't believe Canarc will take $450/pz for mining and concentrating, then leave $700 -56 for PGI. Not in the real world. So...what is the deal in totality?

    What is missing is that if x% of current feed (3g/t) is replaced by x% of Canarc (90g/t), then the $/oz of processing isn't much i.e. 1/30 of current.

    Howmuch or what is the final split of the (say) 1150-450-56-1/30 of current does PGI actually get.

    Normally, it would be 50:50 with everyone net of costs etc both sides share upside and both sides equally exposed to market sp of Au.

    Rubbery numbers suggest $400-500 left over, so about $200-250/oz each or about $20-25m for PGI minus its 25% for split with DR, or $15m-$19m p.a. for PGI.

    With a 10 year deal life there is a possibility of something like 90 cents.

    Any arguments?
 
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